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River City Mall Shopping Center
For Sale
$600,000

300 Main St, Keokuk, IA 52632

Multi-unit retail center with highway access, theater space, and substantial redevelopment needs.

Property Size208,492 SF
Lot Size9.00 Acres
Price / SF$2.88
Days on Market193

Property Features for 300 Main St

General Information

Standard status Active
Size 208,492 SF
Lot size 9.00 Acres
Property subtype Street Retail
Zoning C- Commercial
Occupancy 15%

Property Condition

Severity Major Repairs Needed
Evidence in need of significant renovation

Site & Location

Traffic Count 10,700 vehicles/day
Road Access Yes

Building Details

Building Size 208,492 SF
Year Built 1969
Buildings 1
Tenancy Multi
Listing Agency: Better Commercial - Remax Concepts
Listed By: Chase Keller · License #S63136000
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 30 Last Checked: Aug 30 at 2:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Better Commercial - Remax Concepts

Investment Insights

Based on property information with market context.

River City Mall is a 208,492-square-foot shopping center containing 41 units on a 9-acre parcel. Constructed in 1969, the property includes a closed three-cinema theater and is currently 15% occupied. Several existing tenants contribute ongoing cash flow, while the building requires significant renovation, including roof work related to leaks in multiple areas.

The center fronts Highway 218 in Keokuk, Iowa, near the Mississippi River and the bridge connecting Iowa and Illinois. Average traffic is reported at 10,700 vehicles per day, and the property is positioned near US 218 and US Highway 61. The surrounding transportation network also includes BNSF Railway and Mississippi River port facilities.

Zoned C- Commercial, the property offers a large existing retail footprint with room for retenanting, renovation, and redevelopment. A separate 0.4-acre former restaurant parcel across the street is also available for purchase.

Key Highlights

  • 208,492 SF shopping center with 41 units
  • 9‑acre parcel with a closed three‑cinema theater
  • 15% occupancy with several existing tenants

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Building Supply Law Firm Big Box & Wholesale Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10,700 VPD
Traffic count
15%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

479
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 85% Dining 11% Hotels & Casinos 3% Apparel 1%
Keokuk #2 Shops & Services
17,141 visits/mo 0.1 miles
Dollar General Shops & Services
6,405 visits/mo 0.1 miles
Domino's Pizza Dining
1,697 visits/mo 0.5 miles
First Wok Dining
1,248 visits/mo 0.1 miles
Baymont By Wyndham Keokuk Hotels & Casinos
937 visits/mo 0.1 miles

Demographics for 52632, IA

12,006
Population
5,793
Households
2.1
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
51.8 sq mi
ZIP Area
232
Density / Sq Mi
$52,547
Median Household Income
$32,407
Median Earnings
$803
Median Rent
$108,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • River City Mall Inc 300 Main St #490, Keokuk, IA 52632

Frequently Asked Questions

What type of property is this?
Shopping center - Multi-unit retail center with highway access, theater space, and substantial redevelopment needs.
Where is this shopping center located?
The property is located at 300 Main St Keokuk, IA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 208,492 SF shopping center with 41 units; 9‑acre parcel with a closed three‑cinema theater; 15% occupancy with several existing tenants
More about this property
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